Forfeit Land Contract

Question: I am interested in finding out what will happen if I vacate a property in Benton Harbor, Michigan, that I am buying on land contract. I will be handing the title back over to the person I am buying it from but I can no longer afford all the unexpected repairs that he was aware of but did not inform us of. What can he do to me?

Answer: The Land Contract Vendor could go to court and get a judgment against you for forfeiture of the Land Contract or a money judgment. What you want to do is to negotiate a release of all liability in exchange for deeding the property back to the Seller. An Attorney can help you do this. If you would like, our firm has assisted people with similar problems in the past.

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